HomeMy WebLinkAbout1977-07-05; Housing Authority; Resolution 881
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Resolution No. 88
W
A RESOLUTION BY THE HOUSING AUTHORITY OF THE
CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING AN
AMENDMENT TO THE LEASE FOR THE THIRTY-FIVE
ONE-BEDROOM UNITS LOCATED AT 3380 HARDING ST,
The Housing Authority of the City of Carlsbad does hereby
authorize and instruct the Secretary to execute the attached amend-
ment to the lease for the units located at 3380 Harding St.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the
Housing Authority of the City of Carlsbad held on the fifth
day of juiy , 197_7_, by the following vote, to wit:
AYES: Casler, Skotnicki, Packard, Lewis, and Frazee
NOES:
ABSENT:
ROBERT C. FRAZEE, Chairman
ATTEST:
ROBERT J. COLES, Secretary
S-E-A-L
FIRST AMENDMENT TO LEASE BETWEEN GENE BAKER DE LOACH
AND THE CARLSBAD HOUSING AUTHORITY FOR THE UNITS
LOCATED AT 3380 HARDING STREET
THIS FIRST AMENDMENT TO LEASE is made this
day of , 19 between Gene Baker De Loach (hereinafter
referred to as Owner), and the City of Carlsbad Housing Authority(here-
inafter referred to as Authority)
RECITALS:1. The Owner hereby agrees to exercise her option, pursuant to
Paragraph 3.b. of the Lease, to renew the Lease for an additional term of
five years.
2. In accord with Authority Resolution Nov , Section 4 of the Lease
is hereby amended to read as follows:
4. RENT PAYMENTSA. Effective June 1, 1977, the rents will be
as follows:
Monthly Rent Total Monthly
Description No. of Units Per Unit Rent
Ibr 35 $168.QO $5,880.00
B. The rents will be adjusted annually, on June 1,
for the remaining period of the lease, using the
following formula: Fair Market Rent, as established
by HUD, as of date rental adjustment due, minus Si
for Management Fees, minus Utilities Allowance as
per schedule in use on the date the rental adjust-
ment is due.
C. A special adjustment, subject to Authority
approval, may be made to reflect increases in
the actual and necessary expenses of owning and
maintaining the unit which have resulted from
substantial general increases in real property
taxes, utility rates or similar costs (i.e.,
assessments, and utilities not covered by
regulated rates), but only if and to the extent
that the Owner clearly demonstrates that such
general increases have caused increases in the
Owner's operating costs which are not adequately
compensated for by the annual adjustments provided
for in paragraph 4.B. The Owner shall submit
financial statements which clearly support the
increase. Such adjustment shall be effective as
of the date mutually agreed upon by the Authority
and Owner upon request by the Owner.
IN WITNESS WHEREOF, The parties have executed this First Amendment
to Lease at Carlsbad, California, the day and year first above written.
City of Carlsbad Housing Authority
Owner: ^ By:
Gene Baker De Loach Robert J. Coles, Secretary
S-E-A-L